If you’re actively involved in the constantly evolving world of finance and technology, you’re no stranger to the vast amount of data swirling around. Data has become the lifeblood of our industry, fuelling innovation, driving decision-making, and shaping the future of financial services. However, amidst this sea of information, there’s a peril lurking just beneath […]
Welcome back to the Fintech CEO series, where I dive into the hottest topics in the financial world. In this instalment, we’re going to talk about something that affects everyone, from governments and banks to businesses and consumers: interest rates. You’ve probably heard that interest rates are on the rise, but do you know what […]
Read More… from What is the impact of rising interest rates on SMEs?
Imagine you are a small business owner who needs a loan to buy new equipment, hire more staff or expand your market. You have a solid business plan, a loyal customer base and a positive cash flow. But when you approach your bank for a loan, you are faced with a long and complex application […]
Read More… from How fintech lenders are streamlining SME loan applications
What is Lending 3.0? Lending 3.0 is a term that describes how real-time data has revolutionised the way lenders and borrowers interact and transact. As for real-time data, that refers to information that is collected, processed, and delivered instantly or near-instantly, such as bank transactions, credit scores, social media activity, online behaviour, and more. By […]
Read More… from Lending 3.0 – How real-time data has transformed the face of finance
Businesses gather thousands of data points, but the usefulness of this data can only be unlocked when it is presented in a manner that offers actionable insights. According to Forrester, between 60 and 73 percent of all data within an enterprise goes unused for analytics. This means that many SMEs are missing out on valuable […]
Read More… from How can AI and Machine Learning tools make financial data useful?
Do you know what makes some SMEs thrive while others struggle or fail? It’s not just luck or talent. It’s also about how they plan, manage and adapt to their challenges. In this blog post, we’ll reveal 8 factors that can make or break your SME and how you can use data insights to overcome […]
The success of any accountancy firm depends on its ability to bolster its profile, and a key aspect of this involves expanding its workforce. As anyone who has managed a team would know, finding the right candidates for accounting is a challenging and time-consuming process. What’s more, the rapid pace of technological advancements and demand […]
Read More… from How can your accountancy firm hire and expand successfully?
Every company, regardless of its size or trading status, needs to have a set of accounts which detail information relating to its finances. Company accounts consist of a set of financial documents and are required to be submitted by law each year to Companies House. Businesses also need to file their corporation tax return to […]
Read More… from An expert guide to understanding your Company Accounts
Chances are that you’ve heard of the term ‘Open Banking’, and you might have even begun to use this relatively new model of business-solution banking across your company, taking advantage of the benefits that it offers. But there’s an even newer kid on the block when it comes to business finances – Open Accounting. Similar […]
Read More… from Introducing Open Accounting: Your business’s new best friend
Have you heard of ‘Open Banking’? It could be something you’ve come across more recently as a business or as an individual consumer in your own right. No matter how you were first introduced to Open Banking, it’s arguably one of the biggest changes in UK retail banking for some time. But what exactly does […]
Read More… from Open Banking: What is it and how can it help your business?
Do you run a small business? If so, you’ll no doubt be aware of all the tasks of which you need to keep on top. The problem is that it can sometimes distract from the important things on which you should be focusing. Instead of concentrating on what you do best, you may get tied […]
One of the most important things that you must do as a business owner is keep track of your financial situation. Even in the good times, it’s sensible to be aware of where every penny and pound is tied up. This isn’t just about making sure you can cover any unexpected bumps in the road, […]
Read More… from Debtors vs. Creditors: What’s the difference?
There are several documents that are important for understanding your business’ financial position and outlook. Among them is your profit and loss account, also known as your profit and loss statement or sheet. Whatever you prefer to call it, knowing how to create, maintain and read one is great for understanding where your business is […]
As a small business owner, you can’t rely on feelings to gauge your business performance. You need reliable data. But understanding the myriad of metrics and jargon can be challenging, especially when many are so closely related.Business turnover is one such number. Commonly confused with profit, it’s one of the key markers that can help […]
Read More… from Business ‘turnover’ explained (without the mind-boggling jargon!)
One thing you can’t avoid when running a business is the need to spend money to make money. Staff, premises, supplies and more – there are plenty of outgoings to be weighed up with your incomings. It’s great news when more is coming in than going out. It means you’re turning in a profit. For […]
Read More… from Understanding your gross margin is essential – here’s why!
